The best way to close the racial wealth gap is to close to the racial income gap. In order of ease:

- Expand OASDI
- Enact a child allowance
- Raise taxes / end deductions on top 20%
- Equalize the South's fiscal capacity
- Invest in middle-skill jobs and regional development https://twitter.com/hamandcheese/status/1276639692587511808

Baby Bonds otoh have many problems, practical and theoretical.

To @ScottElliotG's question, the reason they're popular is entirely due to what @jerryzmuller calls the Tyranny of Metrics.

This One Accounting Trick™ mechanically closes the wealth gap! https://twitter.com/JStein_WaPo/status/1349130870540693509

Wealth is just accumulated income. Raise incomes, and you'll raise wealth down the line. Just be sensitive to how and in what that wealth is capitalized! https://jwmason.org/slackwire/wealth-distribution-and-puzzle-of/

Without counting Social Security, the median-earning white Baby Boomer has 7.3 dollars in wealth for every dollar held by their Black counterpart.

Account for Social Security, and that ratio falls to 2.2 — a two-thirds reduction in the racial wealth gap. https://americancompass.org/the-commons/no-the-new-deal-wasnt-racist/

We can debate whether future Social Security payments should count as wealth since it's not a marketable asset. Yet neither truly are Baby Bonds. By design, they're supposed to only be used on things like college tuition or a mortgage down payment (unclear how that's enforced).

Right. Baby Bonds do nothing to minimize income volatility unlike (say) direct income supports...

In theory, wealth can be used as collateral to access credit, but not clear a BB can be used in that fashion since its presumably off-limits from creditors. https://twitter.com/Dnlmsstch/status/1349140532782456833